Mining majors mum as offers mulled for WMC

Nov 02, 2004 | 09:22 AM | Daniel Magnowski

Multinational resource companies BHP Billiton, Anglo American Plc and Rio Tinto are considering launching formal bids for WMC Resources Ltd. following a $5.5-billion hostile bid by Xstrata Plc, sources said.

The bid by Xstrata was rejected by the Southbank, Australia,-based copper and nickel miner's board last week (AMM, Oct. 29).....

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